C-DAC signed an MoU on quantum technologies for banking with which bank?
- A.State Bank of India
- B.Bank of India
- C.Punjab National Bank
- D.Bank of Baroda
Correct answer
Explanation
The correct answer is Bank of India. The Centre for Development of Advanced Computing signed the memorandum with Bank of India on 22 October 2026 to work on quantum financial innovation and the adoption of emerging technologies in banking. The agreement was exchanged by Aditya Kumar Sinha of C-DAC Mumbai and Satyendra Singh, the bank's Chief General Manager for information technology, in the presence of the Secretary of the Ministry of Electronics and Information Technology. Options A, C and D name other large public sector banks, none of which was part of this agreement; they are the sort of plausible distractors a paper setter adds when the correct bank is a public sector one. Aspirants should remember the pairing as C-DAC with Bank of India, because the same question may instead ask which research body the bank tied up with.
Read the full article: C-DAC and Bank of India Sign Quantum Banking MoU
Practice Questions
C-DAC, which signed the quantum banking agreement, is an autonomous society under which ministry?
- A.Ministry of Finance
- B.Ministry of Science and Technology
- C.Ministry of Electronics and Information Technology
- D.Ministry of Communications
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The Centre for Development of Advanced Computing is an autonomous scientific society under that ministry, and its Secretary, S. Krishnan, was present when the memorandum with Bank of India was exchanged.
Read the full explanation →What is the stated central aim of the C-DAC and Bank of India partnership?
- A.A Quantum Ecosystem for Financial Innovation
- B.A new national payments switch
- C.A rural branch expansion plan
- D.A sovereign gold bond platform
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This is the named focus of the partnership, meant to prepare banking systems both for the opportunities that quantum technology brings and for the security problems it creates, which is why the two sides will study quantum-inspired and quantum-safe methods.
Read the full explanation →Under the campaign, bank camps will hold awareness sessions on unclaimed financial assets under which name?
- A.Aapki Poonji, Aapka Adhikar
- B.Dhan Suraksha Abhiyan
- C.Jan Nivesh Jagrukta
- D.Bachat Bima Sashaktikaran
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The camps will run awareness sessions on financial inclusion schemes, on digital frauds and on this drive, which concerns financial assets lying unclaimed with banks and other institutions.
Read the full explanation →The saturation campaign of financial inclusion schemes announced by the Ministry of Finance will run during which period?
- A.2 October 2026 to 31 October 2026
- B.21 October 2026 to 31 December 2026
- C.1 November 2026 to 31 March 2027
- D.21 October 2026 to 26 January 2027
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The Department of Financial Services fixed this window for the countrywide drive, which reaches every gram panchayat and urban local body and asks banks to hold camps through the period.
Read the full explanation →Which department is organising the nationwide saturation campaign of financial inclusion schemes?
- A.Department of Expenditure
- B.Department of Economic Affairs
- C.Department of Financial Services
- D.Department of Revenue
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DFS is the department of the Ministry of Finance that handles banks, insurance and pension schemes, so the financial inclusion drive sits with it, and its Joint Secretary for financial inclusion chaired the preparatory meeting with the senior management of banks and the State Level Bankers Committee.
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